中国的违约和破产解决

IF 5 3区 经济学 Q1 BUSINESS, FINANCE
Edith Hotchkiss, Kose John, Bo Li, Jacopo Ponticelli, Wei Wang
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引用次数: 0

摘要

在本文中,我们回顾了有关中国企业债务近期增长的文献,并就债务构成、不良贷款、违约和破产申请的演变提供了程式化的事实。然后,我们描述了重组和清算财务困境公司的法律和政治制度,包括中国破产法的最新改革。最后,我们讨论了中国在实施这些改革时面临的主要挑战,包括司法执行中的摩擦。我们还提出了未来研究的潜在途径。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Default and Bankruptcy Resolution in China
In this article, we review the literature on the recent growth of corporate debt in China and present stylized facts on the evolution of debt composition, nonperforming loans, defaults, and bankruptcy filings. We then describe the legal and political institutions that characterize the system for restructuring and liquidating financially distressed firms, including recent reforms of China's bankruptcy law. Finally, we discuss the main challenges faced by China in the implementation of these reforms, including frictions in judicial enforcement. We also propose potential avenues for future research.
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CiteScore
5.00
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0.00%
发文量
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